AI Chipmaker Cerebras Systems Files Confidentially for US IPO

  • Statement didn’t give details of offering size or timing
  • Company picked Citigroup as lead IPO bank, Bloomberg reported
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Cerebras Systems Inc., a startup making semiconductors optimized for artificial intelligence uses, has filed confidentially for an initial public offering.

The Silicon Valley firm has submitted a draft registration statement to the US Securities and Exchange Commission, according to a statementBloomberg Terminal Thursday that didn’t disclose further details.